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and just how much effect our democratic institutions have on this economy we no longer have an economy geared to benefit working people around the world we have an economy it's geared to exploiting working people for the profits of goldman sachs and companies like them listen to what trader alessio restante told the b.b.c. in september before goldman's lucas papademos was installed as greece's prime minister. for most traders it's not about is that we don't really care down much how to in the face the how to fix the economy how to going to fix the whole situation our job is to make money from it and personally i've been dreaming of this one for three years when the market crashes when the euro and the big start to crash if you know what to do. if you have the right plan to set up you can you can make a lot of money from this and as we've seen over the last decade goldman sachs knew exactly what to do they had the right plan set up and it's nothing short of a global global credit top as restante bluntly told the b.b.c. . this is not a time right now to wishful thinking the government go
and just how much effect our democratic institutions have on this economy we no longer have an economy geared to benefit working people around the world we have an economy it's geared to exploiting working people for the profits of goldman sachs and companies like them listen to what trader alessio restante told the b.b.c. in september before goldman's lucas papademos was installed as greece's prime minister. for most traders it's not about is that we don't really care down much how to in the...
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Nov 28, 2012
11/12
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CURRENT
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i'm not certain the economy is much better right now. i think from a republican point of view, the way out of the problem is that which has been articulated for years. jack kemp used to say it. growth. that's what i think republicans will focus on. >> eliot: jack, growth is everybody's favorite elixir. it makes life easy. when you have growth rates at 1% to 2% of gdp an ruly and you have fundamentally altered the tax code so you're bringing in only 15% of gdp here is where arithmetic comes into play. it simply doesn't add up. you get a structural deficit approaching a trillion dollars a year which is why i think even john boehner when he sits down, smart guy says i acknowledge we've got to do something on the revenue side. that's where i think grover norquist, not to make him the lightning rod is in a tight bientd because the numbers don't add up. that's where your argue really falls apart. >> i guess what i'm presenting more is the political picture that it's going to be -- not withstanding the assertion that it is 15% of gdp. where it
i'm not certain the economy is much better right now. i think from a republican point of view, the way out of the problem is that which has been articulated for years. jack kemp used to say it. growth. that's what i think republicans will focus on. >> eliot: jack, growth is everybody's favorite elixir. it makes life easy. when you have growth rates at 1% to 2% of gdp an ruly and you have fundamentally altered the tax code so you're bringing in only 15% of gdp here is where arithmetic...
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Nov 26, 2012
11/12
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CSPAN2
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but the transformation of the economy and meanwhile what america and drops out that is not a bad trade. i spoke to the cfo of but technology company as a person that was tied with these born and told me his parents told him that they were temporarily pour. imagine that. sure enough him and his brothers are both rock stars and avid members of the club now they find it. one does silicon valley the other does derivatives on wall street. his parents were angry because he dropped out of the ph.d. program of applied map after going to harvard. very smart and it did great and this is what he said. we demand a higher paycheck and the rest of the world. said you need to deliver 10 times the value. it sounds harsh but people in the middle class need to decide to take a pay cut. similarly was when i heard about the financial crisis. i expected wall street to feel guilty and realize you don't tell the truth to the reporter but they are off the record. almost invariably they did not blame themselves. this ceo told me sincerely he did not feel guilty for the crisis the culprit was his cousin who own
but the transformation of the economy and meanwhile what america and drops out that is not a bad trade. i spoke to the cfo of but technology company as a person that was tied with these born and told me his parents told him that they were temporarily pour. imagine that. sure enough him and his brothers are both rock stars and avid members of the club now they find it. one does silicon valley the other does derivatives on wall street. his parents were angry because he dropped out of the ph.d....
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Nov 24, 2012
11/12
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CSPAN2
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economy is overly harsh regulation of credit derivatives, there's a whole sort of section and credit derivatives, we need less regulation of them otherwise london is going to take over global finance and what was amazing at the time everybody agreed from this report, elliot spitzer was quoted saying how great this was, chuck schumer was one of the sponsors, in the u.k. labor running the u. k, and labor critics said this report shows even the labor is spending too much money -- there was this very widespread bipartisan kind of economic faculties of the western world that bought into this and that played a big role. this is a big difference, between now and the response to the industrial revolution, government -- people know government and don't necessarily like it. americans like government less, my own native canadians or things about the olympics, and the british choosing that as a symbol of what was good about britain. part of what happens i will refer you to another book called the submerged state by a woman called suzanne network who was a political scientist at cornell and it is
economy is overly harsh regulation of credit derivatives, there's a whole sort of section and credit derivatives, we need less regulation of them otherwise london is going to take over global finance and what was amazing at the time everybody agreed from this report, elliot spitzer was quoted saying how great this was, chuck schumer was one of the sponsors, in the u.k. labor running the u. k, and labor critics said this report shows even the labor is spending too much money -- there was this...
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95
Nov 22, 2012
11/12
by
CNBC
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eye 95
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we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives today. if there are alternatives, be my guest and come and bring them in. but they are not there. >> you're saying whatever the world does in terms of wind, nuclear, coal, we're still gonna need oil, and a lot of it, no matter what? >> you're still going to need oil and a lot of it. >> politicians use this all the time that we're "addicted," addicted to foreign oil. and addiction has a dark connotation, because if you're addicted, there's a suggestion that there's a drug dealer who's trying to keep you hooked. it's in the air that you want to keep us hooked. >> there is nothing addictive about oil. if yo
we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives...
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interest rates to resume their normal ised rates in the four and five percent which would force the economy to have to pay its way here in britain instead of relying on handouts and welfare from the bank of england and the city so naturally he had to go he had to walk the plank to bring in a dove mark carney who will introduce on orthodox central banking techniques more in the style of ben shyster bernanke which is horrible for the u.k. pound you think it's a poison chalice for mark carney either he raises interest rates to defend the pound of course causing a real estate crash or he goes down the path of allowing the pound to be debased he's going to actually here's what i predict i predict marconi will well devalued the british pound by twenty five percent he's going to force a currency devaluation as part of these currency wars that's my prediction for marconi he will do the right thing by letting the economy. work through no natural interest rate rises no you do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume no
interest rates to resume their normal ised rates in the four and five percent which would force the economy to have to pay its way here in britain instead of relying on handouts and welfare from the bank of england and the city so naturally he had to go he had to walk the plank to bring in a dove mark carney who will introduce on orthodox central banking techniques more in the style of ben shyster bernanke which is horrible for the u.k. pound you think it's a poison chalice for mark carney...
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these currency wars that's my prediction from mark carney he will do the right thing by letting the economy work through no natural interest rate rises no they'll do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume now and that's where the shadow banking system is so i think that it's something that we should look for because we know that a lot of the shadow banking has moved to london so i think it's something that they're worried about is something to look for for the future as this collapse goes out of back and system relies on zero percent interest rate that he's going to retain this conflict of interest he's going to retain financial stability authority position that's a huge conflict so if you've got goldman as you pointed out stretching all across europe all crossed the world to create a new ice age and economic growth due to zero percent interest rates let's have the equivalent of you know below zero temperatures in the ecology bringing and the ice like conditions of no growth frozen and frozen due to these c
these currency wars that's my prediction from mark carney he will do the right thing by letting the economy work through no natural interest rate rises no they'll do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume now and that's where the shadow banking system is so i think that it's something that we should look for because we know that a lot of the shadow banking has moved to london so i think it's something that...
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Nov 27, 2012
11/12
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MSNBCW
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especially as the economy gets better. >> it's going to take more than grass roots. it's great they are organizing and talking about it, but president obama had an innate ability to raise big money. can the democrats duplicate that? i mean there's going to be somebody coming along and inspiring people to the next level to keep this thing going. can it have an effect in the midterms? >> there's a difference between what president obama was doing in the end, and these big donors coming together in what mitt romney called the darkrooms. what you've got to have here is some of this big money sitting it out for 2016. they have to be focused on 2014 and try to win back especially the house seats. that's where the real difference is going to come. if the president gets another honeymoon, it's going to be over by february. does he get a second? >> the finances of the country is very important. but demographically, immigration reform walks right into the democratic tent. this would be a big -- the right move, actually. politically the right move, but also important for the co
especially as the economy gets better. >> it's going to take more than grass roots. it's great they are organizing and talking about it, but president obama had an innate ability to raise big money. can the democrats duplicate that? i mean there's going to be somebody coming along and inspiring people to the next level to keep this thing going. can it have an effect in the midterms? >> there's a difference between what president obama was doing in the end, and these big donors...
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Nov 26, 2012
11/12
by
FBC
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eye 97
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you have to segregate out companies, the economy, politics because essentially -- liz: but overall it's been dead money for years. >> it's been for 20s years and deflation -- it's been for 20 years and deflation. liz: now in the 21st year we are going to be okay? >> that's very funny. you should be on late night. [laughter] >> if you look at what japan is doing, raising dividends, buying back stocks, making acquisitions, doing everything right from a company perspective. liz: they have a pricey currency. >> if japan is so bad, why do they have the strongest current si in the world -- currency in the world? liz: i have no answer to that. >> essentially at some point in time, it's going to start to work -- the strength of the yen is starting to break and from what i know about commodities, after 33 years, once a currency starts to break and go one way, usually lasts five to seven years. liz: to i have ask you about the -- i have to ask you about the argentinean situation. is there any worry about systemic risk of this becoming another at least worrisome greece type of situation? >> i'm no
you have to segregate out companies, the economy, politics because essentially -- liz: but overall it's been dead money for years. >> it's been for 20s years and deflation -- it's been for 20 years and deflation. liz: now in the 21st year we are going to be okay? >> that's very funny. you should be on late night. [laughter] >> if you look at what japan is doing, raising dividends, buying back stocks, making acquisitions, doing everything right from a company perspective. liz:...
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191
Nov 21, 2012
11/12
by
MSNBCW
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economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are partially the same trend. corporations threaten to go overseas, they cut costs by give less and less to workers and keep more revenue as profit. in fact, it looked like a dragon. the dragon of inequality. so how do you slay the dragon of inequality and low worker compensation? the twinkie era is not coming back. and and here's what is coming. the affordable care act. explaining what it has to do requires moving from twinkies to pizza. and i recognize there's some irony in talking about junk food, but we're going to do it any way. papa john's has been co
economy expanded more than at any other time in history. but something happened because corporations are still doing really, really, really well. but the people that work for them, not so much. corporate profits measured as a percentage have hit record highs. but compensation has hit record lows. look at this chart compared to profits and compensation over the last decade. profit profits is a percentage has surged to record levels. compensation, which workers get, has declined. and these are...
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said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must talk to me because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists out there in the central banking land and half naked ladies and in this case of mark carney he's a math i'm not for date of banking because he wants both higher interest rates and looser monetary policy is a financial i'm afeard i you know they should put him into. work perfectly and the city freak show one thread in the street there's mark carney and the bearded him aphrodite he wants higher rates and looser monetary policy welcome to the freak show marconi where we've got your number every bit of flesh on this show every single way because that's what we do bad guys welcome to the trade sho
said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must talk to me because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of...
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Nov 28, 2012
11/12
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MSNBCW
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in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. kid was not the military as army announced today it signed a new contract with a unit of the huge contracting power it was not the operation to secure and rebuild the devastated country company taxpayers for its contract work in iraq. it was the campaign for making billions of dollars polymer it's odd reasonable and honest supported bills exceed one billion dollars iraq for sale. war profiteers. parents versus social workers docu nabby and now. that many children have become prizes to find full one is the long threatened families of the social fabric to see more female they have right of willful minimal faith in . but they have any kind of suspicion about. will be for food or for your children are also just better at bringing up kids than their own mom and dad. from what we haven't seen just to. concentrate to pull. out the footrace true. which bright if you move. from phones to pressure. whose friends don't talk t.v. don
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. kid was not the military as army announced today it signed a new contract with a unit of the huge contracting power it was not the operation to secure and rebuild the devastated country company taxpayers for its contract work in iraq. it was the campaign for making billions of dollars polymer it's odd reasonable and honest...
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Nov 27, 2012
11/12
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CNBC
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president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys. >> thank you so much. green mountain reports earnings after the close tonight. the sthook on a run lately, but is one of the most debated on the street. herb greenberg is here with what you should expect later this evening. i know you watch this as close as anybody does. it's a stock that's done quite well of late. new ceo being named. maybe he's going to be on the call or not because it's not technically the ceo. >> i don't think the company can aafford a bad quarter. >> can it ever? >> in this case really. last quarter the stock spiked after the company announced earnings and talked about how well they'
president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys....
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sixteen where it should be back on its feet almost well considering the current state of the greek economy not an optimistic statement to make the opposition i mentioned the social democrats they're saying that any debate on debt restructuring for greece will have to wait until after the general election takes place here in germany so with the shadow of the election starting to come into view and merkel essentially being politically embarrassed by having to go back on a promise she's made it's all stern to be a very interesting to pay when german politicians discuss the latest financial aid package for greece. well later this hour max cars and stacy who bit see similarities between the central banks of congo i'm britain speculating on just what is filling that bolts. congo rebels around central banking goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beans that's similar to the bank of england mark carney is going to be arriving to the bank o
sixteen where it should be back on its feet almost well considering the current state of the greek economy not an optimistic statement to make the opposition i mentioned the social democrats they're saying that any debate on debt restructuring for greece will have to wait until after the general election takes place here in germany so with the shadow of the election starting to come into view and merkel essentially being politically embarrassed by having to go back on a promise she's made it's...
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Nov 22, 2012
11/12
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KPIX
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. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that we're so irresponsible that we can't manage our affairs, people have no recourse but to invest with us today but they're going to work awfully hard to find alternatives very quickly. >> pelley: lloyd blankfein is among the world's most influential bankers, but he rarely does interviews. goldman sachs is the most successful investment bank on wall street with earnings last year of $4.4 billion. washington playing with fire? >> yes. yes. washington is playing with fire, and you don't get-- it's not like a football game where you get the two-minute warning. they don't-- you know, they don't tell yo
. >> pelley: if we go over the fiscal cliff, as it's called, what happens to the economy? >> look, if we go over the fiscal cliff, it will be very bad, hugely negative for the stock market, which is a source of people's wealth. people will feel poorer. if we go over for a short period of time and adjust it, we can repair some of those things. but what you won't repair is people's attitudes towards the united states as a responsible debtor. and that's very important. if we show that...
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Nov 28, 2012
11/12
by
FBC
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if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we do not have a lot of time here. we have a few weeks to get this done. we could get it done tomorrow. optimistically, i do not think we will get it done tomorrow. [ laughter ] i tell you, if everyone here goes out of their way to make their voices heard and spread the word to your friends and family, coworkers and neighbors, i am confident that we will get it done. we will get america on the right track, not just for next year, but for many years to come. thank you very much, everybody. [ applause ] cheryl: president obama
if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a...
130
130
Nov 27, 2012
11/12
by
FOXNEWSW
tv
eye 130
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we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person trying to get a job whose business does not expand because the taxes increase. people do get that. the president did run on a class warfare, class envy type of argument but he only got 40 percent of the vote in my state so my state rejected the message. >> the way it stands no with the proposals i have heard and senator john mccain could be right there could be a deal in the final hour, a way to avoid this mess, but most of the stuff i see are concessions on the part of republicans on revenue and not just avoiding a rate hike but they could feed on limiting deductions that could cost the rich more? >>guest: i a
we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person...
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186
Nov 26, 2012
11/12
by
CNBC
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eye 186
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the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also is a china kicker and we like that. company gets 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know, i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend we got more positive data from china. now that the leadership transition has happened in the communist party, i think the chinese government could be more aggressive about stimulating the economy since they seemed to have got their inflation situation whipped and a rebound in china's economy, what a reason to own fedex in itself. last but not least, i think fedex is worth buying here because the price is right. at the moment the stock is trading at 11 times earnings. we're 20% below where u.p.s. is trading. it isn't that much better. u.p.s. is not that m
the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also is a china kicker and we like that. company gets 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know, i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend we got...
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228
Nov 22, 2012
11/12
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MSNBCW
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eye 228
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that's going to be good for the economy. we'll wait to see in january whether people sort of, you know, pull back a little bit. but in general, i think it is safe to say even if christmas isn't the most efficient way to do spending, it still gets the job done. >> but the ugly part i think we'll have video on the show tomorrow that will exactly reiterate what you're saying. happy thanksgiving. >>> some americans are going to the movies after the turkey is finished. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're b
that's going to be good for the economy. we'll wait to see in january whether people sort of, you know, pull back a little bit. but in general, i think it is safe to say even if christmas isn't the most efficient way to do spending, it still gets the job done. >> but the ugly part i think we'll have video on the show tomorrow that will exactly reiterate what you're saying. happy thanksgiving. >>> some americans are going to the movies after the turkey is finished. is what drives...
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136
Nov 27, 2012
11/12
by
FBC
tv
eye 136
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this economy, shop till you drop early, holiday sales, breaking all records. are we in for disappointment closer to christmas? cheryl: critics of tougher regulations for the oil and gas industry save the epa has been given too much power. when he have a live report from washington. dennis: let's look at prices still below 100. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objtives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just rightor you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] le
this economy, shop till you drop early, holiday sales, breaking all records. are we in for disappointment closer to christmas? cheryl: critics of tougher regulations for the oil and gas industry save the epa has been given too much power. when he have a live report from washington. dennis: let's look at prices still below 100. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethinthe core of my portfolio. what i really need is sleep. introducing...
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Nov 28, 2012
11/12
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FBC
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eye 152
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not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as a
not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding...
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Nov 21, 2012
11/12
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CURRENT
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when pollution happened and when we heard the economy -- we hurt the economy or lives of people. fracking has consequences. whether it is aquifer consequences environmental consequences property right consequences. i think it needs a much more thorough independent oversight. you know. states want it because it creates revenue. but there is a consequence at the end of it and i -- i really believe that if we let the e.p.a. do its job let them present the information, that would be best for the american people. >> eliot: one of the things about fracking is that the consequences do not respect or own or know what state lines are. if they're seismic as you pointed out. should be a federal set of rules that would be done properly then we would see where it takes us. congressman raul grijalva, thank you for your time and have a great thanksgiving. >> thank you eliot. >> eliot: bad news for news corp. robbery charges last land dangerously close to rupert murdoch. that's ahead on "viewpoint." enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppre
when pollution happened and when we heard the economy -- we hurt the economy or lives of people. fracking has consequences. whether it is aquifer consequences environmental consequences property right consequences. i think it needs a much more thorough independent oversight. you know. states want it because it creates revenue. but there is a consequence at the end of it and i -- i really believe that if we let the e.p.a. do its job let them present the information, that would be best for the...
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Nov 29, 2012
11/12
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. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us off. a big aspect of this again is medicare, 50 million americans get their health insurance through medicare. that number is growing quickly as the baby boom number gets older. polls show americans don't want big change to it, but big change could come. nbc's tom costello has more on what it may look like. >> reporter: it is one of the most popular government programs, but medicare now accounts for more than 13% of federal spending, and expected to grow at what many analysts call an unsustainable rate. so among the many options congress could consider to cut costs, slowly rai
. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us...
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Nov 29, 2012
11/12
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CURRENT
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that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point out i mentioned germany, but it's, you know, france all the way through the nordic countries. the other thing that's key is in a newly emerging democracy like brazil the workers through collective bargaining is four to five times the level of the united states. you have rising wages millions of brazilian workers coming into middle income status, able to buy the things they produce and a growing economy in brazil. here, the micro system of each employer trying to maximize profits at the expense of employees is leading us to a sled ride to the bottom. that's a large reason our economy i
that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point...
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Nov 27, 2012
11/12
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CNBC
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it's going to be maybe a tough economy. maybe they telling us this is the best -- and wouldn't you rather have it than blow it on some junky mna deal or hire when it would be a bad time to hire? >> about half of the returns from stocks since 1926 have come from dividends. it's not an insignificant part of the total return over a long period of time. listen, i don't know if companies are really fooling people anyway. if you have all the cash sitting on your balance sheet that's earning zero, that's not a particularly efficient use of the cash either. as a shareholder, i'd rather have the money. >> it's better than them doing something foolish with the money. if a company like apple were to announce a special dividend, i'd rather see them buy back the shares as a signal that stock is undervalued than return the capital back to me. >> there you are. that was a good discussion. appreciate that very much. always good to see you both. we'll take a break. when we come back, winter is coming and so is the fiscal cliff. there i said
it's going to be maybe a tough economy. maybe they telling us this is the best -- and wouldn't you rather have it than blow it on some junky mna deal or hire when it would be a bad time to hire? >> about half of the returns from stocks since 1926 have come from dividends. it's not an insignificant part of the total return over a long period of time. listen, i don't know if companies are really fooling people anyway. if you have all the cash sitting on your balance sheet that's earning...
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Nov 26, 2012
11/12
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FBC
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we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call it negotiating, no matter how you slice it, the republican position on taxes has changed. here is senator lindsey graham. >> when you're 16 trillion dollars in debt. the only pledge we should be be making to each other is to avoid the coming grief and republicans should put revenue on the table, we're far in debt and don't generate enough reven
we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not...
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Nov 29, 2012
11/12
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CNBC
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>> i think it's a thesis that goes beyond the developed economies. i think it goes into the emerging markets themselves. uk company. latin america, great company doing well. 52 week high today. >> murph, a trade? >> you have to be careful with the travel companies. expedia, pricelines. these things up 700%, 600%, you wouldn't want to chase those. gun stocks, there could be more room there. >> it's been a wild ride for gold. metal rebounding from yesterday's big selloff. its biggest drop in a month. with the fiscal cliff looming, is there a play to be made? commodities ding dennis gartman of the gartman letter joins us on the fast line. good to have you on. >> always good to be here, judge. >> what are the implications of the fiscal cliff to gold? trying to figure out what even caused this $30 move we saw yesterday. >> two questions. i'm not sure the fiscal cliff is terribly important when it comes to the gold market. i think what's far more important is the advent of continued expansion of the reserves by the fed. by the bank of -- by the ecb. and, p
>> i think it's a thesis that goes beyond the developed economies. i think it goes into the emerging markets themselves. uk company. latin america, great company doing well. 52 week high today. >> murph, a trade? >> you have to be careful with the travel companies. expedia, pricelines. these things up 700%, 600%, you wouldn't want to chase those. gun stocks, there could be more room there. >> it's been a wild ride for gold. metal rebounding from yesterday's big selloff....
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Nov 28, 2012
11/12
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FOXNEWSW
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but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying, we should go over the fiscal cliff and let the taxes go up, which would be a huge mis
but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to...
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Nov 29, 2012
11/12
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CNNW
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that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37% oppose it. what about reducing deductions? 44% support it. 49% oppose it. americans, much like lawmakers, want a solution to the problem but clearly divided on how to get there. >> the consensus is there to solve it. the question is how. president obama is meeting with mitt romney today. >> big news. >> do you have any idea what they plan to discuss? >> they are having lunch at the white house this afternoon. the president talked about this after his re-election. he said he wanted to sit down with mitt romney, talk about ways to move the country forward. but the president pointed o
that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37%...
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Nov 29, 2012
11/12
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MSNBCW
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that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can...
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Nov 26, 2012
11/12
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FBC
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eye 124
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the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names. nicole: let's take a look at knight capital, a name that has gotten a lot of headlines this year, particularly back in august when there was a trading glitch. today the headlines are surrounding knight capital. and whether virtue financial, others perhaps maybe by the market. and there was talks maybe the whole firm of knight capital was available. all this chatter is enough to boost the stock dramatically. up nearly 18% today. great move there. when you take a look at barclays coming under fire by some shareholders, maybe barclays sh
the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names....
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Nov 28, 2012
11/12
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CNNW
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we agree it's about jobs and the economy. that's what the president said after the election that he wanted it to be his goal and his priority. we have a difference of opinion about how to get the economy growing again and expanding again. and obviously we have a big interest in making sure that we address the fundamental problem and driver of federal deficits and debt. and that's reforming these entitlement programs that are on an unsustainable path right now. >> so but remember the president also said when he extended the 35% tax rate for the upper income for those making more than $250,000 a year, he says -- he said then that was the last time he was going to do it. it was a one-shot deal. he wasn't going to do it anymore. and as you know he ran his re-election campaign on the notion he was going to increase the tax rates from 35% to 39.6% for those people making more than $250,000 a year. you think he's likely to blink on that? >> you know, i don't know. i hope he is at least willing to work with republicans. republicans a
we agree it's about jobs and the economy. that's what the president said after the election that he wanted it to be his goal and his priority. we have a difference of opinion about how to get the economy growing again and expanding again. and obviously we have a big interest in making sure that we address the fundamental problem and driver of federal deficits and debt. and that's reforming these entitlement programs that are on an unsustainable path right now. >> so but remember the...
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Nov 29, 2012
11/12
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FBC
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economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying
economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points...
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Nov 28, 2012
11/12
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FOXNEWSW
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but if your number one priority is jobs and the economy, you don't grow the economy and create jobs by raising taxes on small businesses, the very people who create those jobs. >> greta: white house press secretary today jay carney when asked when the next meeting with congressional members would be, the answer was, quote, it would come at the appropriate time. >> nobody knows what that means. >> greta: that's my point. look, all of you have had a vacation, campaigning, doing that for the last three months. you've been about this fiscal cliff for a year and a half. now the president is going out to do, as you say, campaigning. the press secretary says there will be a meeting between leaders at the appropriate time. the appropriate time seems like pretty much right now. >> well, it is. what you're seeing by the president and democrats is an attempt to run out the clock. i think they think they gain leverage if the pressure builds toward the end of the year. frankly you're hearing a lot of prominent democrats saying we should go over the fiscal cliff and let taxes go up, which would be a
but if your number one priority is jobs and the economy, you don't grow the economy and create jobs by raising taxes on small businesses, the very people who create those jobs. >> greta: white house press secretary today jay carney when asked when the next meeting with congressional members would be, the answer was, quote, it would come at the appropriate time. >> nobody knows what that means. >> greta: that's my point. look, all of you have had a vacation, campaigning, doing...
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Nov 28, 2012
11/12
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FBC
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the markets are going down, economy is going down. of therefore i think they will start to have pressure on them. the president, as he sounded today, doesn't sound like he wants to really negotiate. he won. he wants the taxes on everybody over 250 to go up, the rate to go up. he has a pen ready to sign it. unless the markets put pressure on him he will not come off of that. that's why i think we'll have to watch for the markets to tell us what happens next. ashley: jim, we've seen a rush to issue special dividends from a number of companies trying to beat the higher tax rates or threat of higher tax rates. but you say all of this comes with a risk. what is that? >> yeah. it is perfectly reasonable for all these companies to do this. all we know, is being at thats are going to be at a certain level for five more weeks. we don't know what will happen after that. most likely they go up. the money they're issuing in special dividends is worth more to give it to shareholders than after january 1st. the risk is, if after january 1st and eco
the markets are going down, economy is going down. of therefore i think they will start to have pressure on them. the president, as he sounded today, doesn't sound like he wants to really negotiate. he won. he wants the taxes on everybody over 250 to go up, the rate to go up. he has a pen ready to sign it. unless the markets put pressure on him he will not come off of that. that's why i think we'll have to watch for the markets to tell us what happens next. ashley: jim, we've seen a rush to...
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Nov 29, 2012
11/12
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MSNBCW
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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Nov 28, 2012
11/12
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect represe
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among...
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Nov 29, 2012
11/12
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CNBC
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that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it would be hard on high income people with very large houses. but we have just built too many too many large houses, you would have to phase it out. but i think that would be a good solution. >> on the subject of tax reform, i know in simpson-bowles there was a proposal to lower corporate taxes, do you think that is still a possibility if in fact we still move to additional tax reform in 2013? >> i do. i think that broadening the base of the income tax, the corporate income tax is also a good idea. getting rid of a lot of special provisions that riddle the tax and
that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it...
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Nov 28, 2012
11/12
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who...